DogChew Products needs to replace its rawhide tanning and molding equipment. It can be used for five years and will have no salvage value. The equipment costs $930,000. The firm can lease it for $245,000 a year, or it can borrow the money to purchase the equipment at 9%. The firm's tax rate is 39%. The CA rate is 20% (Class 8). What is the net advantage to leasing? -$88,132 -$20,592 $1,269 $13,706 $15,062